IRD News – Employer Kiwisaver Checklist

IRD have created a ‘To Do List’ of things employers must do in regard to Kiwisaver which says:

All employers must:

Offer KiwiSaver to all their employees who meet the rules

Give all new employees a KS 3 information pack (factsheet and form) and existing employees if they ask for one

Check the eligibility of new employees and enrol them (if they’re eligible)

Make deductions and contributions for new employees who are already KiwiSaver members

Make KiwiSaver deductions for any employee who is a member of KiwiSaver but has another superannuation scheme you contribute to

Make sure existing KiwiSaver members are getting the correct deductions and contributions

See the contributions holiday letter if a new employee advises they’re on a contributions holiday

Restart deductions and contributions at the expiry of a contributions holiday

Send any new employee opt-out request (KS10) forms you receive to us.

Things to keep in mind

If you’re not sure if your new employee is a KiwiSaver member treat them as a non-member until you know they’re eligible.

Employees must have contributions deducted from all employers unless they choose to take a contributions holiday from one or all of their employers.

Temporary or casual staff employed for less than 28 days shouldn’t be automatically enrolled. If they want to be a KiwiSaver member they can enrol directly with a scheme provider or complete a KiwiSaver deduction form (KS2) and give it to their employer.